Must-Read: Nick Bunker explains Eggertsson, Mehrotra, and Robbins to us: Nick Bunker: What’s Behind the Decline in U.S. Interest Rates?: “Eggertsson, Mehrotra, and Robbins decompose the roughly 4 percent decline in the natural rate of interest since 1970… …The decline in mortality helped push down the natural rate by about 1.8%-points… [as] individuals had to … Continue reading Must-Read: Nick Bunker: What’s Behind the Decline in U.S. Interest Rates?